Question

By selling a chair for Rs 1440, a shopkeeper loses 10%. At what price, did he buy it?
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Answer 1

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Given,

Selling price(S.P.)=₹1440

Lose=10%

To find,

Cost price(C.P.)

Formulas,

• i) If Selling Price of an article and gain on its selling are given, the Cost Price of the article will be Selling Price minus gain.

Cost Price = Selling Price - Gain

• (ii) If Selling Price of an article and loss on its selling are given, the Cost Price of the article will be Selling Price plus loss.

Cost Price = Selling Price + Loss

Solution,

=>₹1440+10/100

=>₹1440+1/10

=>₹1440/10

=>₹144

Hence,the answer is ₹144.